When analyzed against a range of economic measures including Growth Domestic Product, there is little argument that the United States is a top country in the world. By comparison, smaller nations such as Europe’s Portugal, Ireland, Italy, Greece, and Spain have much less financial strength.
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Continue Reading... →Virtually every market traded lower yesterday following the Federal Reserve release of the March 13th Minutes. Bonds lead the way with the 10yr US Treasury jumping to over 2.30%, and the Mortgage Backed Security (MBS) yields losing over 70bps yesterday “minutes after the [...]
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Ben Bernanke gave a speech in front of students from George Washington University’s School of Business as part of a four-part lecture series explaining the role of the Federal Reserve in the financial crisis.
This lecture focused on central banking and [...]
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Did the global financial crisis undermine people’s faith in money? What is money, why do we trust it and has it become too confusing?
We dream about it, argue about it, worry about it, celebrate it, spend it, save it – but what exactly is money and why do [...]
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Homebuyers want price, condition, location
Homebuyers in 2012 have some advantages over prospective buyers in other years: low interest rates and low home prices in most markets. Those advantages don’t necessarily translate into confidence about a home purchase. Buyers want to be sure they are buying [...]
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California ranks number 1 in Mortgage Debt being carried by its citizens.
California is followed by Maryland and then New Jersey.
Continue Reading... →TweetElevated refinance volume prompts decision
Refinance activity is so busy that Bank of American Home Loans has made the decision to turn off the spigot for cashout refinancing. It’s the second time in four months that such a move has been made.
From the [...]
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According to the U.S. Department of Labor, September nonfarm payrolls increased 103,000, well above expectations.
Since April, payroll employment has increased by an average of 72,000 per month. Revisions to August and July payrolls also added an additional 99,000 workers to payrolls. Keep in mind, almost [...]
Continue Reading... →Roughly 10.4 million mortgages, or one in five outstanding home loans in the U.S., will likely default if Congress refuses to implement new policy changes to prevent and sell more foreclosures, according to analyst Laurie Goodman from Amherst Securities Group.
At the end of [...]
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As many of us prepare for Hurricane Irene, see this timely, but frightening illustration of yet another reason to refinance or sell NOW!!
As more courts, in more states open up the foreclosure process, more homes will get foreclosed on which will continue to [...]
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The Obama administration is looking at creating a major refinancing program to help the housing market and give the economy a jolt, according to industry officials.
However, sources told National Mortgage News that at this point in time there are few specifics on the [...]
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Housing and Jobs are so closely related, it is important to watch for changing trends in the Unemployment level.
The Labor Department reported today that more than half of U.S. states in July saw increased unemployment rates.
The chart below displays current levels [...]
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Federal agencies will move to Amazon Web Services’ GovCloud network. Top security clearance not included.
In efforts to reduce its massive data-center footprint, the U.S. government will move to Amazon Web Services’ newest cloud-computing offering, GovCloud.
Amazon will design GovCloud specifically to handle the [...]
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Down Payment Resource is a web-based service that provides REALTORS, lenders and home ownership counselors an easy, cost-effective way to connect home buyers with government funded assistance programs including down payment assistance, affordable fixed-rate mortgages, rehab loans and more.
Down Payment Resource takes the mystery and confusion out [...]
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Anyone who has taken out a car loan or bought a house with a mortgage has taken on debt. It’s the same for countries. They often need to borrow money to keep services going, with the promise to pay it [...]
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There have been some bright spots in the residential real estate market over the last couple of months. Several price indices have reported a stabilization of prices and some regions have even shown small levels of appreciation. This has led some to believe that we [...]
Continue Reading... →Popular Posts
New Home Affordable Refinance Program Lending Guidelines 
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First-Time Homebuyer Education 
Bank of America Suspends New Cash-out Refinance Applications 
White House Cuts FHA Streamlined Refinancing Fees 
CME increases margin requirements on US Treasury futures - How to Calculate Total Monthly Mortgage Payments
